[originaltext]W: Absolutely.(6 - 1)But it’s worse if you feel tremendous guilt

W: Absolutely.(6 - 1)But it’s worse if you feel tremendous guilt and do something that you don’t want to do. You do it and it doesn’t go well. That’s a really bad situation.(6-2)So on the front-end, maybe you can advise them to go to someone else, maybe you can cosign for a loan for them at the bank, really to create that kind of distance that might be meeting them halfway.
M: This is so loaded, because it is not just the stranger, right? This is all the family history, all the arguments, all the little things you did with your brother, sister or your parents, whatever you get loaded from the back-end with emotions.
W: There is no question about it, and there are certain people that think the family bank should always be open. That is not the case.(7)There are also in most families a go-to person, who gets called again and again, because there is a sense that they are good with money, they have the money and can loan it. And so those things just create tremendous stress around these issues in families.
M: But it is hard to say no. You love this person, right? You want to help them out. But this maybe not be the best thing for the person.
W: Well, it’s hard to say no, but sometimes you have to say no.
M: And so that will affect your relationship, because you are going to deal with this person at holidays and family reunion.
W:(8)But you should know that it’s better than dealing with them when they are facing bankruptcy, because you didn’t force them to look themselves in the mirror and try to take accountability for the life style that they were trying to maintain, which they quite frankly could not afford. It was just the fact. There were no two ways about it.
M: Just now we’ve been talking about you as the bank in the family. What if you need to borrow money? How do you approach your family member?
W: Well,(9)if I need to borrow money, I will go to them in the most professional way and be the one saying this is what I need the money for. I’d like to document this and write this down, and this is when you can be expected to receive the payment. If I don’t pay you back, I would be here before the money is due to renegotiate these terms, so they get a sense that I am very serious, very credible.
M: It’s also good for your own self-esteem. As you two get terms here, you are going to pay him back.
W: There is no question about it. One interesting idea.(10)Let’s just say for some reason a family member doesn’t pay you back, try having them work off the money. They may do the baby-sitting that you need done or mowing the lawn or things like that.
M: I don’t know any of my relatives would like to clean windows. Millity Hopson, thanks a lot for the good advice.
This is the end of Part Two of the interview. Questions 6 to 10 are based on what you have just heard.
6. What can you do when you don’t want to lend money to relatives?
7. What does "a go-to person" refer to according to Mility Hopson?
8. Which reason backs up your behavior of not lending money though you love them?
9. Which of the following is NOT recommended to do if you are the one borrowing money?
10. What can you do if your family member can’t pay you back?